definition of supply

The concept of supply is used extensively in our language to account for the supply of those products or goods that the population needs to develop their daily life. A common example is the supply of food to places such as supermarkets and warehouses that are responsible for selling it to the consuming public.

That is, the supply implies an action in which someone is provided with what they need.

But of course, not only foods are plausible for this action, they are the ones that are most needed and demanded but there is a huge variety of other products for specific use in a sector or for general demand that are also supplied to those spaces that are in charge to bring them closer to the public.

For example, the word is also applied to refer to those products or merchandise that turn out to be of first necessity.

It should be noted that this term is used as a synonym for the word catering, a term a little more popular when referring to exactly the same thing. The supply of basic necessities is one of the most important activities of a nation's economy because it is what allows citizens to supply themselves with those products that they need to live in conformity.

As it is such an important activity, it is also usually tied to the complications that can occur in an economy. For example, in an inflation scenario it is common for there to be a shortage or no supply of some goods and products as a consequence that producers retain them because prices oscillate upwards in an unstoppable way.

This situation can be seen in many economies that are suffering an economic scenario like the one indicated, among them Venezuela and Argentina.

Stores and supermarkets, to alleviate this situation of shortages, lack of delivery of products and the consequent run by customers to some missing products, take the policy of selling between one or two units per customer of that sensitive product.

On the other hand, private or state-managed public service companies are in charge of supplying citizens with those services and resources they handle, such as water, electricity, and gas. The client must pay an established fee for their use to said company.